Citi Trends Inc
For the period ended Dec 3, 2024. Filed Dec 3, 2024.
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Dec 3, 2024 · Filed Dec 3, 2024
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CTRN$45.01-14.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Third Quarter | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $179,066 | $179,520 | $192,323 |
| Cost of sales (exclusive of depreciation shown separately below) | (107,833) | (110,942) | (115,741) |
| Selling, general and administrative expenses | (74,730) | (69,654) | (69,092) |
| Depreciation | (4,755) | (4,749) | (5,076) |
| Asset impairment | (574) | (178) | — |
| Gain on sale-leaseback | - | - | 29,168 |
| (Loss) Income from operations | (8,826) | (6,003) | 31,582 |
| Interest income | 482 | 894 | 202 |
| Interest expense | (79) | (76) | (76) |
| (Loss) income before income taxes | (8,423) | (5,185) | 31,708 |
| Income tax benefit (expense) | 1,271 | 1,322 | (7,120) |
| Net (loss) income | $(7,152) | $(3,863) | $24,588 |
| Basic net (loss) income per common share | $(0.86) | $(0.47) | $3.02 |
| Diluted net (loss) income per common share | $(0.86) | $(0.47) | $3.02 |
| Weighted average number of shares outstanding | |||
| Basic | 8,356 | 8,238 | 8,145 |
| Diluted | 8,356 | 8,238 | 8,145 |
| Thirty-Nine Weeks Ended | |||
|---|---|---|---|
| November 2, 2024 | October 28, 2023 | October 29, 2022 | |
| Net sales | $541,907 | $532,762 | $585,550 |
| Cost of sales (exclusive of depreciation shown separately below) | (343,710) | (331,827) | (357,341) |
| Selling, general and administrative expenses | (222,721) | (210,004) | (208,599) |
| Depreciation | (14,331) | (14,138) | (15,793) |
| Asset impairment | (1,835) | (178) | — |
| Gain on sale-leasebacks | — | — | 64,088 |
| (Loss) income from operations | (40,690) | (23,385) | 67,905 |
| Interest income | 1,942 | 2,804 | 204 |
| Interest expense | (238) | (228) | (230) |
| (Loss) income before income taxes | (38,986) | (20,809) | 67,879 |
| Income tax benefit (expense) | 9,995 | 5,279 | (15,624) |
| Net (loss) income | $(28,991) | $(15,530) | $52,255 |
| Basic net (loss) income per common share | $(3.49) | $(1.89) | $6.34 |
| Diluted net (loss) income per common share | $(3.49) | $(1.89) | $6.34 |
| Weighted average number of shares outstanding | |||
| Basic | 8,315 | 8,215 | 8,237 |
| Diluted | 8,315 | 8,215 | 8,237 |
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